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| Turnover: | £16.7m |
| Revenue per partner: | £4.2m |
| Revenue per lawyer: | £877,400 |
| Total number of partners: |
4 |
| Total number of female partners: |
1 |
| Total number of fee earners: |
111 |
| Total number of qualified solicitors: |
19 |
| Total headcount: |
218 |
| Number of offices: |
3 |
A SHIFT in focus and consolidation of several
offices at litigation practice Silverbeck Rymer
led to a significant downsizing of fee-earners
in 2005-06 and a marginal rise in turnover.
Revenue went up by 2 per cent to £16.7m
from last year's £16.4m, while fee-earner
numbers dropped from 172 to 111. The firm still
has just four partners, of whom two are full
equity.
Silverbeck chose to concentrate its work
on claimant litigation during the year, moving
away from its defendant practice. The firm's
new chief executive officer Rob Farnham
cited economies of scale and the fact that
claimant work fitted better into Silverbeck's
process-driven model as the major factor
for the strategic shift. Silverbeck has only
19 lawyers.
The firm expects turnover and its staff
numbers to rise again during the current
financial year, although the headcount is
unlikely to hit the heights of 2005 when it
employed 272 people.
Thanks to its tiny partnership, Silverbeck
enjoys one of the highest profit per equity
partner (PEP) figures in the UK. Each of its two
equity partners took home £925,000 last year,
despite the firm's overall profit margin being just
11 per cent.
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